PPP Loan Data — Robert S.baker,MD.,LTD, Long Grove, IL
Entity: Subchapter S Corporation
Location: Long Grove, ILTweet This • Search All PPP Data
Robert S.baker,MD.,LTD is a subchapter s corporation located at 4160 Route 83,suite 106 in Long Grove, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,025.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Midwest Bank
Robert S.baker,MD.,LTD in Long Grove, IL received a Paycheck Protection Loan of $25,025 through First Midwest Bank, which was approved in June, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Robert S.baker,MD.,LTD's 2019 payroll expenses are estimated to be at least $120,120.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,060 per employee1
Reported PPP Proceed Usage:
On the PPP application, Robert S.baker,MD.,LTD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,025
Business Information - Robert S.baker,MD.,LTD in Long Grove, IL
4160 Route 83,suite 106
Long Grove, IL 60047
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Long Grove
In the Long Grove area, 85 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 2) and received an average PPP loan of $102,452 (compared to this company's $25,025).
Similar Nearby Businesses Who Received PPP Funding:
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Best Practices Inpatient Care LTD
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Lake Villa, IL
Jaroslaw R Leszczak Mdsc
Physicians Management North Inc
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Surgeons Of Lake County LLC
Ob-Gyne Associates Of Libertyville, SC
North Shore Primary Care, SC
Industry PPP Comparison Statistics
Nationwide, 176,926 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.07B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 450% higher than Robert S.baker,MD.,LTD's reported 2 employees, and received an average PPP loan of $119,087, 376% higher than this company's loan of $25,025.
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